Thursday, October 29, 2009

Mind the gap

Action looks OK so far but I just HATE going long for a trade on a gap up when the market has been in a downtrend even if the market is oversold the way it is.
I'd say the odds are 50/50 as to whether this rally holds today without having to fill the gap first....I'll pass. I have all the patience in the world and if I miss the rally boat so be it...there's always plenty of more boats to come going in many different directions.

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